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This year, Spain’s banking sector looks set to shrink to about 10 lenders from more than 40 before the economic crisis, as the government forces banks to recognise steep losses from a housing crash. Small and medium-sized banks will scramble to join forces to meet capital requirements implicit in a new law demanding lenders write down up to 80 per cent of the book value of real estate assets on their balance sheets. Click here for Cloud Computing Also Read Related Stories News Now - 24-hr deadline for Kingfisher to submit revised schedule - Kingfisher assures to restore normal schedule in 5-7 days - Indian banks eye assets of European counterparts - It is time to take money off the table: Jim Walker - Swiss solicits tourists from India amidst EU crisis...
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